Nonprofit · EIN 37-1215071
ILLINOIS VALLEY FLYING CLUB INC
Tax-exempt · PERU, IL 61354
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $208,056 | $148,493 | $59,563 | $348,723 | $15,878 | $332,845 |
| December 31, 2024 | 990-EZ | $158,744 | $127,156 | $31,588 | $288,274 | $14,085 | $274,189 |
| December 31, 2023 | 990-EZ | $158,818 | $139,814 | $19,004 | $255,914 | $13,313 | $242,601 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $51,142
- of which government grants
- $5
- Membership dues
- $39,715
- Program service revenue
- $148,726
- Investment income
- $135
- Net income from gaming
- $6,680
- Other revenue
- $8,053
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $300
- Occupancy
- $6,543
- Program services (functional)
- $143,323
- Management and general (functional)
- $5,170
Balance sheet and other
- Total assets, start of year
- $282,705
- Total assets, end of year
- $348,723
- Total liabilities, end of year
- $15,878
- Net assets, end of year
- $332,845
- Land, buildings and equipment
- $150,000
- Gross receipts
- $208,056
- Employees
- 0
- Year formed
- 1987
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES STUDER | PRESIDENT Trustee or director, Officer | 15 | $0 |
| STEVE CORNEGLIO | VICE PRESIDENT Trustee or director, Officer | 5 | $0 |
| MIKAYLA DOWNEY | TREASURER Trustee or director, Officer | 10 | $0 |
| DOUG HEARN | MAINTENANCE OFFICER Trustee or director, Officer | 15 | $0 |
| DWIGHT FURLEIGH | SECRETARY Officer | 10 | $0 |
990-EZ for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES STUDER | PRESIDENT | 15 | $0 |
| STEVE CORNEGLIO | VICE PRESIDENT | 5 | $0 |
| DWIGHT FURLEIGH | SECRETARY | 10 | $0 |
| MIKAYLA DOWNEY | TREASURER | 10 | $0 |
| DOUG HEARN | MAINTENANCE OFFICER | 15 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES STUDER | PRESIDENT | 15 | $0 |
| STEVE CORNEGLIO | VICE PRESIDENT | 5 | $0 |
| DWIGHT FURLEIGH | SECRETARY | 10 | $0 |
| MIKAYLA DOWNEY | TREASURER | 10 | $0 |
| DOUG HEARN | MAINTENANCE OFFICER | 15 | $0 |
| JANE GOETZ | DIRECTOR | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 4241 E ED URBAN DR STE 1, PERU, IL 61354-9358
- In care of
- % MIKAYLA DOWNEY
- Principal officer (990 for 2025)
- CHARLES STUDER, 4241 E ED URBAN DRIVE STE 1, Peru, IL 61354
- Signed the 990
- MIKAYLA DOWNEY, TREASURER
- Return prepared by
- Income Tax Etc
Mission
AIRPLANE RENTALS FOR MEMBERS
Program accomplishments
- MEMBERS OF THE FLYING CLUB ARE ABLE TO RENT AIRCRAFT OWNED BY THE CLUB. THIS ALLOWS AFFORDABLE AND RELIABLE AIRCRAFT FOR THE MEMBERS ENJOYMENT.Expenses $143,323
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 37-1215071
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $348,723
- Income (IRS master file)
- $208,056
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $208,056 | $148,493 | $348,723 | IRS |
| 990-EZ | December 2024 | $158,744 | $127,156 | $288,274 | IRS |
| 990-EZ | December 2023 | $158,818 | $139,814 | $255,914 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 37-1215071).
Questions about ILLINOIS VALLEY FLYING CLUB INC
- What is the EIN of ILLINOIS VALLEY FLYING CLUB INC?
- The employer identification number (EIN) of ILLINOIS VALLEY FLYING CLUB INC is 37-1215071.
- Is ILLINOIS VALLEY FLYING CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1997.
- Are donations to ILLINOIS VALLEY FLYING CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ILLINOIS VALLEY FLYING CLUB INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ILLINOIS VALLEY FLYING CLUB INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ILLINOIS VALLEY FLYING CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ILLINOIS VALLEY FLYING CLUB INC?
- The 990 for the year ended December 31, 2025 names CHARLES STUDER.
- Who are the officers and directors of ILLINOIS VALLEY FLYING CLUB INC?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does ILLINOIS VALLEY FLYING CLUB INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $208,056, expenses of $148,493 and total assets of $348,723 at year end.
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